Veritas Bank

Veritas Bank, B.N.

The current logo, in use since 2000
Trade name	Veritas Bank
Company type	Subsidiary
Industry	Banking
Predecessor	Novella Company
Founded	February 1, 1741 (1741-02-01)
Headquarters	Calaine, Alexandria , Cartadania
Number of locations	6,490 branches 19,000 ATMs nationwide 60 countries (As of 2025)
Area served	Worldwide
Key people	Levey Schapiro (Chairman and CEO)
Products	Financial services
Services	Retail Financial Services Card Services Commercial Banking
Revenue	€183.904 billion (2025)
Net income	€49.226 billion (2025)
Total assets	€3.104 trillion (2025)
Number of employees	200,000 (2025)
Parent	Aulia Group
Website	www.veritas.com

Veritas Bank, B.N., formerly Veritas & Co, doing business as Veritas Bank or often as Veritas, is a Cartadanian national bank headquartered in Calaine, Alexandria, that constitutes the consumer and commercial banking subsidiary of the Cartadanian multinational banking and financial services holding company, Aulia Group. It is the largest banking institution in Cartadania. The bank was known as the Veritas Bank of Alexandria until it merged with Aulia Group in 1991. The Veritas Bank of Alexandria was formed by the merger of the Veritas National Bank and the Novella Company in 1921. According to some reports, Veritas is one of the most powerful transnational corporations in terms of ownership and thus corporate control over global financial stability and market competition. One of its most important assets is international investments (e.g., Chromeria).

History

The Veritas National Bank, which was one of the entities that merged to form the modern Veritas Bank, has a rich history of its own that precedes its merger with the Novella Company in 1921. The bank was originally founded in the late 19th century, during a period of rapid industrialization and economic growth in Cartadania. At the time, there was a pressing need for reliable and secure financial institutions to support the country's burgeoning economy. The Novella Company, founded in 1875, was initially a textile manufacturer and exporter. It quickly grew into one of the largest and most diversified companies in Cartadania, with interests in various industries, including mining, transportation, and real estate.

Veritas National Bank quickly established itself as a leading player in this new landscape, providing a wide range of banking services to both individuals and businesses. The bank's success was due in large part to its innovative and forward-thinking approach to finance, which allowed it to adapt quickly to changing economic conditions and customer needs.

Over the years, Veritas National Bank continued to grow and expand, establishing a reputation for stability and financial strength. It weathered numerous economic crises and political upheavals, emerging each time as a stronger and more resilient institution. Throughout the late 19th and early 20th centuries, the Novella Company continued to expand and diversify its operations, becoming a major force in the Cartadanian economy. Its success made it an attractive target for potential mergers and acquisitions.

By the early 20th century, Veritas National Bank had become a key player in the Cartadanian financial sector, with a network of branches and customers across the country. Its success was built on a commitment to providing high-quality customer service and a wide range of financial products tailored to the needs of its clients.

In 1921, the Novella Company merged with the Veritas National Bank to form the Veritas Bank of Alexandria. This move was seen as a way for the bank to expand its operations and diversify its offerings, while also providing the Novella Company with a strong financial partner. The merger proved successful, with the Veritas Bank of Alexandria quickly becoming one of the largest and most influential financial institutions in Cartadania. The Novella Company's legacy lived on as a part of the bank, contributing to its continued growth and success in the years that followed.

Since its inception, Veritas has played a significant role in the development of Cartadania's economy by providing financing and financial services to individuals, businesses, and government entities. Over the years, Veritas has grown into a prominent financial institution in Cartadania and beyond. Despite facing economic downturns and political turmoil, the bank has consistently emerged as a stronger and more resilient institution.

During the Second Great War, the financial sector, including Veritas Bank, experienced significant changes and challenges. As Cartadania was directly involved in the conflict, the bank had to adjust to the realities of wartime finance. One major challenge for Veritas Bank during this time was the shortage of credit and capital caused by the war. The government diverted much of the country's resources to support the war effort, leaving fewer funds available for other purposes, including lending. As a result, Veritas had to become more creative in its approach to lending, offering alternative forms of financing such as war bonds. Another significant impact of the war on Veritas Bank was the need to comply with government regulations aimed at curbing inflation and managing the economy during wartime. The government imposed strict price controls and other measures to prevent inflation from spiraling out of control, which affected the bank's ability to make a profit. Veritas Bank had to navigate these new regulations while still providing essential financial services to its customers.

Despite these challenges, Veritas Bank played an important role in supporting the war effort. It provided financing to both the government and private industry, helping to sustain production and ensure the availability of essential goods and services. Additionally, Veritas Bank supported the war bond drives, encouraging individuals to invest in the war effort and contribute to the country's financial stability.

In the 1990s, Veritas underwent a significant transformation by merging with the Aulia Group. This strategic move positioned the bank as the consumer and commercial banking subsidiary of one of the largest multinational banking and financial services holding companies in the world. Under the guidance of Aulia Group, Veritas has continued to evolve, innovate, and expand its reach. The bank has embraced cutting-edge technologies and financial products to offer better and more efficient services to its customers. Veritas has also made strategic investments in various industries and markets globally, cementing its position as a significant player in international finance.

As a leading financial institution in Cartadania, Veritas remains a critical source of credit and capital for businesses and individuals alike. Its global presence and financial strength have earned it a prominent position in the international financial market, with significant influence over global financial stability and market competition.